Tira Ardianti, Head of Investor Relations at Astra International, said East Java has started to become an interesting market for the company although the Jakarta region and West Java remain the company's two most important markets.

In June and July 2017 Astra International's car sales were not too great due to the Ramadan and Idul Fitri celebrations. However, in the remainder of the year Ardianti said the company wants to maintain its market share at around 56 percent which would imply Astra needs to sell around 616,000 vehicles in full-year 2017 (based on total car sales estimates in 2017).

Earlier, the Indonesian Automotive Industry Association (Gaikindo) said it targets to see Indonesian car sales rise modestly 1.1 million in 2017.

Astra International is often called the "barometer of the Indonesian economy" as this diversified conglomerate has units in the major sectors of the economy. A rise in car sales tends to indicate improving purchasing power in Southeast Asia's largest economy.

Meanwhile, at the Gaikindo Indonesia International Auto Show (GIIAS) in Surabaya it was reported that total car sales in Indonesia reached 715,291 units up to January-August 2017, up 3.5 percent from sales in the same period one year earlier.

Rizwan Alamsyah, Gaikindo Chairman III, said East Java is now the third-biggest car market in Indonesia, accounting for 7 percent of the nation's total sales. Therefore, this province - and especially the bigger cities such as Surabaya - are expected to develop into key markets.

On Friday (22/09) shares of Astra International were down 0.64 percent to IDR 7,775 a share by 15:30 pm local Jakarta time. So far this year, the company's shares have fallen 6.04 percent.

Stock Quote Astra International - ASII:


Indonesian Car Sales (CBU):

Month Sold Cars
   2013
Sold Cars
   2014
Sold Cars
   2015
Sold Cars
   2016
Sold Cars
   2017
January   96,718  103,609   94,194   85,002   86,324
February  103,278  111,824   88,740   88,208   95,159
March   95,996  113,067   99,410   94,092  102,336
April  102,257  106,124   81,600   84,770   89,623
May   99,697   96,872   79,375   88,567   94,091
June  104,268  110,614   82,172   91,488   66,370
July  112,178   91,334   55,615   61,891   84,905
August   77,964   96,652   90,537   96,282   96,483
September  115,974  102,572   93,038   92,541
October  112,039  105,222   88,408   92,106
November  111,841   91,327   86,938  100,365
December   97,706   78,802   73,264   86,547
Total 1,229,916
1,208,019 1,013,291 1,061,859

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